$9.1 Million Whale Accumulates Over 3.91 Million LIT Tokens

An early Ethereum investor has spent around $9.1 million to accumulate over 3.91 million LIT tokens since mid-December, according to blockchain tracking firm Lookonchain.

The purchases were executed at an average price of $2.33 per token, indicating a deliberate accumulation strategy by the whale.

LIT is the native token of Litentry, a decentralized identity aggregation platform that enables cross-chain identity management.

This move highlights the growing trend of seasoned crypto investors diversifying into niche blockchain projects beyond major assets like Bitcoin and Ethereum.